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Aclara Resources Inc T.ARA

Alternate Symbol(s):  ARAAF

Metals & Mining Industrial Metals & Minerals Materials
Aclara Resources Inc, formerly 1303714 BC Ltd, is a Chile-based public company which engages in the Mineral Resources Business Sector. The Company is development-stage rare earth mineral resources company with approximately 450,500 hectares of mining concessions located in the Maule, Nuble, Biobio and Araucania regions of Chile. The Company focuses on the development and on the construction and operation of the Penco Module, which aims to produce a rare earth concentrate through a processing plant that is be fed by clays from nearby deposits. The Company also conducts exploration activities in order to determine if there are deposits within its other mining concessions that can be developed economically and with an adequate environmental footprint.


TSX:ARA - Post by User

Aclara Resources Inc
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Post by Betteryear2on Nov 15, 2023 11:04am
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Post# 35736835

Aclara Announces R&D Tax Rebate

Aclara Announces R&D Tax RebateTORONTO, ON / ACCESSWIRE / November 15, 2023 / Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that REE UNO SpA, its wholly owned subsidiary that holds 100% stake in the Penco Module (the "Project"), has received a tax rebate of approximately US$ 2.1 million from the Corporacin de Fomento de la Produccin ("CORFO") for Research and Development ("R&D") expenses related to the installation and operations of the Pilot Plant. CORFO, which is the Chilean government institution in charge of promoting the production of goods and services and economic regional growth, has validated the pilot plant R&D expenses and determined this project to be key to the future production of the rare earths necessary for the manufacturing of permanent magnets used in wind turbines, electric vehicles, and other technologies vital to the energy transition.

Aclara Announces R&D Tax Rebate from the Government of Chile (accesswire.com)
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